Industry insiders predict that the market share of Chinese brands in the Turkish market, which surpassed 4.5 percent in 2023, is likely to reach 10 percent this year. "If Chinese brands maintain their current pricing strategies and continue offering high-quality products in Türkiye, they are pois...
In China, the market is now in a period of linear growth as EVs achieved a 36% market share in 2023 and are expected to make up over half of all car sales by 2025. 在中国,电动汽车市场目前正处于线性增长期,2023年电动汽车的市场份额达到36%,预计到2025年将占所有汽车销量的一半以上。 ABI R...
The global EV battery market size was valued at USD 132.6 billion in 2023 and is expected to reach USD 508.8 billion by 2033, at a CAGR of 14.4%, during the forecast period 2023-2033. Increased awareness about environmental concerns and the desire for sustainable transportation options are ...
China is set to become a global leader in EV production, with projections indicating that by the end of 2025,50%of car sales in China could be EVs. This would make China the first major economy to reach such a milestone. In the Chinese EV market, there is a vibrant and competitive lan...
The global EV Charging Station Market is estimated to be worth USD 7.3 billion in 2024 and reach USD 12.1 billion by 2030 at a CAGR of 8.8% over the forecast period.
Share-wise, with October showing another record performance, plugin vehicles hit39% market share! Full electrics (BEVs) alone accounted for26%of the country’s auto sales. This kept the 2023 share at 36% (24% BEVs), and considering the current growth rate, we can assume that China’s ...
Intensifying competition has also led to worries about the rapid cash burn of Chinese EV makers. Share prices have plunged in 2022, even more steeply than the broader market. WITH NEW EVS ARRIVING, BRAND LOYALTY GOES OUT THE WINDOW Exports, however, have been a bright spot, and one that co...
China-based CATL, the world’s top supplier, expanded its market share from 32% in 2021 to 34% in 2022. Li-ion 458 Li-ion China Manufacturer Market 458 VinFast launches VF 3 mini electric car for Vietnam market Green Car Congress JUNE 11, 2023 VinFast launched the VF 3, a mini ...
Share-wise, with July showing another great performance, plugin vehicles hit 38% market share! Full electrics (BEVs) alone accounted for 26% of the country’s auto sales. This pulled the 2023 share to 36% (24% BEVs), and considering the current growth rate, we can assume that Chin...
the shift from traditional automobiles to new energy vehicles, and it believes that plug-in hybrid electric vehicles (PHEVs) will maintain robust growth in the coming years. BYD is expected to retain its dominant position, with an estimated market share of 69% in PHEV sales for 2023....